Decided to buy
citizenship for bitcoins and have already learned the cost of Vanuatu
citizenship being available for cryptocurrency for almost a year? If your goal
is getting citizenship for bitcoins, you do not have to apply for Vanuatu
citizenship by investment anymore. There is a more affordable alternative,
citizenship of Antigua and Barbuda for bitcoins. The authorities of this Caribbean
country announced amendments to the legislation allowing them to accept
cryptocurrency payments when issuing passports to investors, as well as
payments in euros and other fiduciary currencies. Find out more below.

There are many reasons
to move live in the Caribbean. Life in the Caribbean is full of carefree sunny
days, warm sea and relaxation. The Caribbean islands are a great place to not
just relax, but also live and work.

Which islands are of
preference? Those where you can get registered permanently, getting citizenship
one way or another. Read more: Citizenship by Investment in 2020 and 4
Alternative Ways To Get A Second Passport

But when the question
arises as to where it is better to live in the Caribbean with a new Caribbean
passport, the answer is most often in favor of a country with a valid
immigration program allowing economic citizenship. You can take part in such a
program if you are ready to make solid investments in the economy of the host
country. Read more: Citizenship by Investment: Countries

The Caribbean island
jurisdiction of Antigua has its own immigration program. Citizenship by
investment of Antigua and Barbuda can be obtained in three ways, in return for
investing in a business project / real estate or by making a donation to a fund
specifically established for this purpose by the Government. Read more:
Citizenship by Investment 2020: From A To Z

Participation in the
local immigration program and subsequent immigration to Antigua and Barbuda
becomes even more attractive given the temporary discount that was recently
offered by this country and is granted to the applicants for investor
passports. Read more: Citizenship by Investment 2020. Key Changes

And as experts note, Antiguans had to reduce the price due to the decrease in value of the jurisdiction’s passport after Canada withdrew from the visa-free regime agreement with Antigua. Read more: Economic Citizens Of Antigua Deprived Of Visa-Free Entry To Canada. Reasons, Inconsistencies, Consequences, Risks, Advice and Alternative

Citizenship for
Bitcoins: Antigua and Barbuda Innovates

But in all likelihood,
the price reduction was not enough. So, Antiguan authorities decided to
introduce an advanced payment mechanism within the local Citizenship by
Investment Program hoping to attract crypto-investors. Read more: Citizenship
for Bitcoins: 5 New Residency Bonuses and Passports For Crypto-Investors

According to Antiguan
media, on Monday, July 23, 2018, the Parliament of the Caribbean country issued
a special resolution to amend the Citizenship by Investment Act to allow
payments in bitcoins or other cryptocurrencies.

The resolution was
considered and approved in the lower chamber without any debate. As a result,
Antigua, according to local media, officially becomes the first country in the
vast Caribbean to receive payments in bitcoins and other cryptocurrency
payments under the Citizenship by Investment Program.

But that’s not all.
Yet another positive news is that the new resolution also allows participants
of the Citizenship by Investment immigration program of Antigua and Barbuda to
make payments in euros and alternative currencies other than US dollars
(previously the US dollar was the only supported currency).

Citizenship for
Bitcoins: Antigua and Barbuda Voices Official Position

“So, we do not only
provide the opportunity of making payments in euros, but we also open access to
payments using bitcoins and other cryptocurrencies,” said Antiguan Prime
Minister and Finance Minister Gaston Browne commenting on the innovations.

The politician
admitted that cryptocurrencies “should be worked with cautiously.” But the
Prime Minister said that amendments to the Act were necessary because it was
“important to ensure the monetary movement.” “If you cannot ensure the monetary
movement, you cannot get the money,” he said.

“So, the main idea is
that we have a payment mechanism that could facilitate payments in
cryptocurrencies,” the Head of the Antiguan Government said, adding that
failing to support this payment method is tantamount to imposing a ban on
access to the Antiguan immigration program for people who want to pay using
this method.

“And the truth is that
it expands your market, because we have several cryptocurrency investors who
may be quite ready to apply for citizenship but will only pay with
cryptocurrency. If you do not start accepting cryptocurrencies you will be
literally blocked out from this market,” Browne said.

At the same time, the
politician stressed that all payments using cryptocurrency will be converted
daily into US dollars (US$) “to guarantee the absence of negative effects of
crypto-conversions.”

Citizenship for
Bitcoins: Antigua and Barbuda Simplifies Working With Banks

The amendments to the provisions
of the Citizenship by Investment Act in question also imply that the local
Citizenship by Investment Unit should be given the authority to open offshore
accounts for receiving payments.

Commenting on this
step, Prime Minister Browne said that the amendments were also needed in
response to concerns that local banks could lose their connections and
customers when interacting with the CIU and licensed immigration agents.

“A number of agents
had to stop working with different banks in the local banking market since,
according to the representatives of those banks, their correspondent banks in
the USA threaten them with not maintaining their correspondent accounts if they
process transactions under the Citizenship by Investment Program. We are trying
to give them the opportunity to open accounts with offshore banks, including
the Global Bank of Commerce and so on, so that they would have a bank that is
ready to service such transactions,” the politician explained.

Citizenship for
Bitcoins: Antigua and Barbuda Crushes Rivals

You want to settle in
a paradise, having received a passport by investment and having paid for this
service with cryptocurrency? Keep it in mind that such an opportunity is
guaranteed to the reliable foreigners by Antigua only. You can also get
citizenship of Vanuatu for bitcoins just within one month and a half. And you
will not need to prove you have relatives in Vanuatu, or even spend a
sufficient amount of time in this picturesque Pacific island country. Read
more: Citizenship of Vanuatu for bitcoins. Successful Cases, Discounts and
Citizenship By Real Estate.

According to
immigration experts, both Antigua and Vanuatu have recently become popular
havens for people looking for opportunities of a backup plan by obtaining
citizenship by investment abroad.

Both these countries
are of a sun-soaked paradise kind, offering their residents minimum taxation
burden. In Antigua, for example, there is no income tax on local income, as
well as on the income received abroad. Read more: What Taxes Do Caribbean
Passport Holders Pay After Moving To Their New Home?

Fewer difficulties in
cross-border travels will become one of the numerous benefits of your new
passports and citizenship for bitcoins of the Pacific island nation called the
Republic of Vanuatu or in the Caribbean jurisdiction of Antigua and Barbuda.

In addition to
citizenship, you will get passports that guarantee visa-free entry or visa upon
arrival/e-visa when traveling to about 13 dozen countries, including the UK and
all of the Schengen Area countries without any exception. Read more: Comparing
Visa-Free Countries For The Second Passport Holders of Grenada, Dominica, St.
Kitts and Nevis, St. Lucia, Antigua and Barbuda, Cyprus, Malta, Vanuatu and The
Comoros.

Regardless of which
passport you choose, both options can be safely called promising enough. But
perhaps it is not necessary to hurry yet. It is quite possible that some other
jurisdictions following the global trend and responding to solvent demand will
soon be offering foreign individuals the opportunity to purchase a passport and
additional citizenship for bitcoins or some other cryptocurrency. Read more:
Citizenship By Investment 2020. There Will Be More People Willing To Buy A
Second Passport for Bitcoins.

Do not hesitate to contact us and we
will introduce you to the most experienced consultant in the field of
citizenship by investment. Please email us to info@offshore-pro.info right
now.

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